Market Profile Analysis for 13th June 2019
Today we have side ways to Slight Bearish in #Nifty below 11970. If Price started trading above 11970 then my view was negated.
I don't have any plan to opt for open auction trade, open price and IB will give some more clarity. Yesterday Nifty open within Value and at open price unable to break the important level 11970 price, this show the absence of buyer, later price able break the PDL and IB Low successfully but price facilitation towards downside was very poor this show lack of interest in seller but in 2nd half price took support around 11880 for sometime and buyer took the control and managed to close tad above 11900 and ended up with medium IB and forming NV day upside.
Need to see the price action around important level 11859, 11889, 11950 & 11973. #Nifty may open around 11910-11930.
Nifty Market Profile Values
Market sentiment is Negative for #Nifty.
After looking Market profile chart for Nifty all the Imp parameters ( RE is Neg , VA is Neg, & EX is Neg )
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